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Another Stansberry Con Job

Frank Porter Stansberry, the get-rich-quick con man who sometimes writes for the Worldnetdaily and offers bizarre predictions (like telling his credulous victims that Obama’s got a secret plan to rev up the economy so much that we’ll repeal the 22nd Amendment and give him a third term in office), has a new scam telling people how they can earn tens of thousands of dollars per month just like Michelle Obama does!

It goes without saying that this is a “super secret strategy” known to the “biggest names in D.C.” I mean, Bill Clinton “uses this super-secret income system” to make almost $85,000 a month! But don’t worry, “just about anyone” can use these “super secret strategies” to become wealthy. And they’ll teach you how to do it. All you have to do is order their newsletter for $1000 (or perhaps more; that price came from an SEC complaint against Stansberry in 2003, in which he was ordered to pay $1.5 million back to those he had scammed).

The judge in that case ruled that Stansberry “undoubtedly involved deliberate fraud.” He appealed to the 4th Circuit Court of Appeals, which upheld the lower court ruling and said “it would take an act of willful blindness to ignore the fact that Appellants profited from the false statements.” You can read the full complaint from the SEC here.

Stansberry peddles his scams largely through right-wing websites, especially by sending out ads like the one above to the subscribers of sites like Human Events. And he always has secret information that the government doesn’t want you to know, hidden strategies that the super-rich elites have and he’s going to give you the secrets if only you pony up the cash. The man is a fraud, plain and simple, which explains why Joseph Farah likes him so much.

Comments

  1. grumpyoldfart says

    I was promised $1,000 per day, every day, playing the slot machines but that hasn’t worked out as well as I hoped, so I will definitely give this new idea a try.

  2. blf says

    Soooper-secret key to the universe found! Unclosed italics…
    Send me a million € and I’ll teach you the mysteries of </em> and </i>!

  3. Alverant says

    So they want to shut down the economy to force Obama out of office when his second term is up. And when he leaves, they’ll take credit. Yep, just like how my alien repulsion generator works. I keep it in my basement and it disables all flying saucers in a 1LY radius. Want proof? You haven’t seen any working flying saucers around here have you?

  4. magistramarla says

    OOh, OOOh I know what the super-secret strategy is that both Michelle Obama and Bill Clinton used to succeed! It’s called education!
    The funny thing is that I shared this super-secret strategy on a daily basis for years with my students, but they never did pay me those big bucks.
    What was I doing wrong?

  5. Chaos Engineer says

    Gah, that’s 33 minutes long! Fortunately the whole thing is somebody reading text as it scrolls along the screen so I was able to fast-forward and get the secret.

    It’s collecting royalties – now, creating a valuable copyrighted work or trademark or holding company is a lot of work, so the trick is to wait for somebody else to do it, and then ask them to let you buy a share of it (for less than the expected future income).

    If you skip ahead to the end, you get a bonus secret, which is: “The population is increasing faster than the amount of farmland is increasing. This means that the demand for fertilizer will go up, so you’ll get rich if you invest in fertilizer stock now.”

  6. says

    It’s collecting royalties – now, creating a valuable copyrighted work or trademark or holding company is a lot of work, so the trick is to wait for somebody else to do it, and then ask them to let you buy a share of it (for less than the expected future income).

    Goodness, if that’s all there is to it, why bother with trademarks and copyrights? Just ask people to sell you any income producing asset for far less than it’s worth. Can I have your house for twelve dollars? How about a share of Apple for thirty cents? It’s so easy, anyone can do it!

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